Are you ready this Monday ?!

Are you ready for this coming Monday event ?!
And what so special about this day ???

On Monday, DU30 will deliver his first SONA to the nation,
And businessmen, with local and foreign investors, full support for his administration will be shown on how PSE index fare this coming Monday. This day, I sense will be a fitting day for PSE index to break its all time high closed of 8127.48 and maybe the all time intra day high of 8136 !

All indicators are pointing that the market is ripe to break it's all time made last year,
Here they are...

Now let us look from the latest PSE Weekly Market Monitor :

There are now more than 47B worth of shares(YTD) that smart money holds, 3.696B more than last week total. That is almost $1B pouring into the market and for your investing knowledge, our market bulls were mostly if not all hype by foreign investors coming in into the market... Now looking back on 2015( when we hit the all time high), let us look the March 10, 2015 PSE Market report :

So, when the market set the all time high of 8127.48 last year, 49.8B of foreign investment(YTD) went into the market and now Net foreign Buy now stand at more than 47B ! Also as we can see average daily value traded now is almost on the same level as in 4.10.15 report...

Looking on the picture above, we can see the 30 day trend for value and volume total turnover has significally increase for the last 3 weeks. Also on the picture below,

the 30 day trend for NFBS, only thrice that NFBS turned red and last Friday pull back is a healthy transition to catapult the market to a breaking Monday ! Caveat !

On world investment front...
DOW closed last Friday on a positive note.
It's normal investment knowledge that our local market is mostly influence by US stock market movement specially DOW.

Now leat us look on the chart...

PSEi Chart

Moving average points to a bullish short and mid-long term.
MACD also in bullish trend meanwhile RSI is just a few points below 70 (63.70) after climbing to 70.69 last Thursday trading. I saw this as a healthy pull back...
NFBS stands at +47.003B.

The only negative I see is the PSE high valuation now stand at 22.74 PE (PSE traditional PSE average is just a little more than 19), and just for some more positive side... The PSE PE stood to 23.20 when the market set the record in 2015 !

Enjoy the ride, and learn to Trade the trends !

CAVEAT.

PSEi poise for a new record ?!

Looking at the Weekly Market Report of PSE dated July 11 to 15, 2015; I can't help myself to compare it with the PSE Weekly MarketWatch report of April 6 to 10, 2015 when PSE index recorded it's highest record close of 8127.48.

Last Friday the market index closed at 8030.06 the highest so far this year and just 96.94 points shy of 2015 highest PSE index record. This coming weeks, the question now is will the market break 8127.48 ?!

Using the 2 PSE Weekly MarketWatch report, we can see that NFBS reached +49.8B YTD in 2015 and is now stand at +43.1B YTD today, a difference of just 6.7B !

MACD show bullish signals, meanwhile RSI is now approaching overbought position.

 NFBS 30 day trends shows continued flow of foreign funds to the market and

3 day session of more than average value transactions last week.

Deducing all the stats, I expect the market more on the uptrend beat this week, just waiting for some catalyst to move the market up to break the all time high of 8127.48.

CAVEAT !!!

TRADE the TREND

Looking the latest PSE Weekly Market Watch (July 4-7,2016) report, statistics shows that PSE's PE  is now at 22.02, beyond the market traditional PE of 19. One significant factor that contribute to market premium is the continued influx of foreign investment now totalling 35.3B YTD.

Now, let us compare this to PSE Weekly Market report on April 6-10, 2015 when PSE PE reach 23.2 PE where Foreign Net Buying reached 49.8B YTD that send the market to the record high of 8,127.

If continued influx of foreign investors come into the market, expect the index to climb farther and may test last years record high. Then will succumb to selling pressure as next US FED meeting nears.

CAVEAT !